Fiera Capital (TSX:FSZ) ROCE %: 7.35% (As of Mar. 2026)

What is Fiera Capital ROCE %?

Fiera Capital TSX:FSZ -1.72% 71 ROCE % is 7.35% as of Mar. 2026. GuruFocus rates TSX:FSZ with a GF Score™ of 71/100 and a GF Value™ of C$6.43 (Modestly Undervalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Fiera Capital's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.35%.

Fiera Capital (TSX:FSZ) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Fiera Capital ROCE % Related Terms

Fiera Capital ROCE % Historical Data

* Premium members only.

The historical data trend for Fiera Capital's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fiera Capital ROCE % Chart

Fiera Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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10.90

7.20

12.58

9.46

11.42

Fiera Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															14.54	7.28	11.17	12.09	7.35

71GF Score

Fiera Capital Corp TSX:FSZ

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Fiera Capital ROCE % Calculation

Fiera Capital's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	119.731	/	( ( (1251.475 - 187.705)	+	(1222.748 - 189.077) )	/ 2 )
	=	119.731	/	( (1063.77	+	1033.671)	/ 2 )
	=	119.731	/	1048.7205
	=	11.42 %

Fiera Capital's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	77.176	/	( ( (1222.748 - 189.077)	+	(1227.93 - 162.909) )	/ 2 )
	=	77.176	/	( ( 1033.671	+	1065.021 )	/ 2 )
	=	77.176	/	1049.346
	=	7.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.35% mean?

Fiera Capital (TSX:FSZ) has a ROCE % of 7.35% as of Mar. 2026.

Is Fiera Capital's ROCE % too high?

Fiera Capital's current ROCE % is 7.35%. The Asset Management industry median ROCE % is 4.43. Fiera Capital's value of 7.35% is 66.1% above this industry median. Overall, Fiera Capital has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Fiera Capital's ROCE % compare to BLK and BX?

Fiera Capital's ROCE % of 7.35% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.43. Fiera Capital's value of 7.35% is 66.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Asset Management company?

The median ROCE % among Asset Management companies is 4.43, based on 708 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fiera Capital's current ROCE % of 7.35% is 66.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Capital's current ROCE % is 7.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Fiera Capital stock overvalued right now?

Based on GuruFocus' analysis, Fiera Capital (TSX:FSZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$6.43, compared to a current price of C$5.15 — trading 19.9% below its estimated fair value. The current ROCE % is 7.35% and 66.1% above the Asset Management industry median of 4.43. Fiera Capital's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Fiera Capital (TSX:FSZ), the current ROCE % is 7.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fiera Capital (TSX:FSZ) Overvalued in 2026?

Based on GuruFocus' analysis, Fiera Capital stock appears to be undervalued. The current stock price of C$5.15 is trading 19.9% below its estimated GF Value™ of C$6.43. GuruFocus considers Fiera Capital to be Modestly Undervalued.

Key valuation signals for TSX:FSZ:

ROCE %: 7.35%
GF Value™: C$6.43 vs. price of C$5.15 (19.9% below fair value)
GF Score™: 71/100 with 8 warning signs
Industry Position: 66.1% above the Asset Management median

No single metric tells the full story. See the TSX:FSZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fiera Capital Business Description

Industry Financial Services Asset Management

Comparable Companies TSX:FFN TSX:STCK TSX:SBC TSX:DGS TSX:QRC TSX:ENS TSX:URB.A TSXV:WED TSX:BK TSX:FTN BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges FRRPF:USA ZFS:Germany

Address 1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5

Website https://www.fieracapital.com

Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, the United States of America, Europe, Middle East, & Africa, and Asia. The company derives the majority of its revenue from Canada.

71GF Score

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C$5.15

Price

C$6.43

GF Value

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